Balboa Island in Newport Beach is a man made set of three islands in Newport Beach and they include the main island the little island and Collins Island. Collins Island in Newport Beach is a gated community and has only 8 homes located on it. The homes on Collins Island have incredible views of Newport Harbor. Balboa Island is a highly sought after area of Newport Beach.
There are two ways to arrive on Balboa Island in Newport Beach one is on the Balboa Island Ferry which makes a very short passage from the Balboa Peninsula in Newport Beach. It is about a 3 or 4 minute trip but well worth it. The ferry transports three autos bicycles and pedestrians. The beauty if living on Balboa Island is enjoying the bay lifestyle and a quick trip over to the Balboa Peninsula takes you to the sandy beaches and waves.
There is a boardwalk around Balboa Island and you will see people beginning their day by walking jogging or walking their dog around both the main island and the little island of Balboa Island in Newport Beach.
Currently there are 22 active listings 2 are in back up (one of the properties in back up is a short sale) 3 are pending and three was one sale in the month of November 2011. The sales have dropped from prior months of approximately four sales per month.
Listings are down -2 from October 2011
Back up sales are the same from October 2011
Pending sales are the same from October 2011
Solds are down -3 from October 2011
Because there was only one sale last month the absorption rate increased from approximately five months which is a stable market to a buyers market with 11 months of inventory. In my opinion, this may be cyclical because of the holiday season. When compared to last November 2010 – sales are down -1 as there were two sales in November of 2010.
Search the MLS for Balboa Island homes for sale.
Balbo Island is amazingly beautiful — and pretty darn pricey. I love that darling blue house on Grand Canal.
Hi Leslie – they are pricey – and Grand Canal is awesome as well.